Loan estimates have been an integral part of purchasing a home. It's often the one document that makes or break a deal. But what are loan estimates? What do they entail? How important are they when you are applying for a mortgage? In this post, we'll dive deep and discuss loan estimates in a way you haven't dealt with it before. By the end of this guide, you'll have all the information you need in deciphering loan estimates.

What is a Loan Estimate?

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A lot of borrowers get confused with loan estimates, their numbers, and what the actual values are for. So, our team decided to create a fundamental guide to further understand loan estimates better and deeper.